Washington Real Estate Investment Trust (WRE) Releases Earnings Results, Beats Expectations By $0.01 EPS

Washington Real Estate Investment Trust (WRE) reported quarterly earnings results on Wednesday, Apr-27-2016. The company said it had a profit of $0.42 Earnings per Share for the quarter. The results exceeded Wall Street expectations beating the analyst consensus estimate by $0.01. Analysts had a consensus of $0.41. The company posted revenue of $77.13 million in the period, compared to analysts expectations of $78.47 million. The company’s revenue was up 3.0% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.38 EPS.

Washington Real Estate Investment Trust opened for trading at $28.73 and hit $29.165 on the upside on Friday, eventually ending the session at $29.09, with a gain of 1.68% or 0.48 points. The heightened volatility saw the trading volume jump to 2,19,912 shares. Company has a market cap of $1,984 M.

In a different news, on Sep 23, 2015, Edward J. Iv Murn (Managing Director, Residential) purchased 1,000 shares at $25.25 per share price. According to the SEC, on Jun 8, 2015, John P Mcdaniel (director) sold 1,875 shares at $25.40 per share price.

Washington Real Estate Investment Trust (WRIT) is a self-administered self-managed equity real estate investment trust (REIT). The Company’s three segments include office retail and multifamily. WRIT’s business consists of the ownership and operation of income-producing real property in the greater Washington metro region. It owns a diversified portfolio of office buildings medical office buildings multifamily buildings and retail centers. Retail shopping centers are grocery store anchored neighborhood centers that include other small shop tenants or regional power centers with junior box tenants. Multifamily properties provide rental housing for individuals and families throughout the Washington metro region. As of December 31 2014 the Company owned a diversified portfolio of 56 properties totaling approximately 7.4 million square feet of commercial space and 3053 residential units and land held for development.

Washington Real Estate Investment Trust

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